HK-listed Kinetic Mines hits 3-1/4-year high on robust H1 forecast

Kinetic Development

18/06/2021 07:33

** Shares of Kinetic Mines and Energy Ltd  1277.HK  rise as
much as 14% to HK$0.65, the highest since March 2018, on course
for second straight session of gains
    ** Stock last up 13.5% so far this week, on track for the
best week since January 2018
    ** Coal extractor and distributor expects jump of more than
100% in net profit for six months ending June versus the
year-ago period, as demand increases with pandemic being brought
under control and prices of its products rise
sharply urn:newsml:reuters.com:*:nFWN2NZ0LL
    ** The Hong Kong composite Industry Index tracking energy
stocks  .HSCIE  falls 2.9%, and the material index  .HSCIM 
slips 1.2%
    ** The benchmark Hang Seng index  .HSI  gains 0.7%
    ** By last close, the stock had surged 29.6% this year 

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)